yes goodaye Sle,i understand that it is Tilbrook north which is...

yes goodaye Sle,
i understand that it is Tilbrook north which is to be spudded this month.
re the options, you can bet that Bumi did not take up their share, as they were not mentioned in the ASX release. I am unclear if their allocation can was included in the u/written amount.
Even without Bumi exercise WCL will still raise $13m, so they will then have $25m in cash available???
the new shares will be allotted next week, so will be available to trade then i believe.
WCL appear to be still looking for new acreage, and some of the Anglo permits must be on their radar.Not the infrastructure.

What do you make of the BPT/AOE sale of T/west.
If you take the price as being $260m cash and $70m of AOE shares, it works out at 30cgj. to me, thats a great price for AOE to pay, as ther are heaps of infrasructure assets.
the price would have been low because AOE had pre-emptive rights, and some potential buyers would have been put-off because the asset was only 50% of the permits, rather than 100%.

cheers